Director Steven Sarowitz Buys $2.5M of Angel Studios Stock
ANGX has more than doubled off its 52-week low of $2.045.
Summary
Director Steven Sarowitz bought $2.54 million of Angel Studios stock on the open market, increasing his direct holdings to 1.24 million shares.
Key Events · Ownership and Investor Activity · ANGX
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Director Buys $2.5M in Open Market
Steven I. Sarowitz purchased 488,637 shares for $2,536,402.86 across two transactions on September 9-10, 2026, at weighted average prices of $4.95 and $5.28.
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Direct Holdings Rise to 1.24M Shares
Post-transaction direct ownership increased to 1,240,841 shares, reflecting a meaningful personal capital commitment by the director.
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Insider Accumulation Pattern Continues
This purchase adds to a 90-day insider buying trend totaling $2.8 million across three insiders, with no open-market insider sales during the period.
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Discretionary Purchase, Not Pre-Planned
The transaction was not executed under a 10b5-1 trading plan, indicating a discretionary decision to increase the director's stake.
Analysis · ANGX · Trade & Services
Director Steven I. Sarowitz purchased 488,637 shares of Angel Studios Class A common stock for $2.54 million across two transactions on September 9-10, 2026, at weighted average prices of $4.95 and $5.28. This is a substantial open-market purchase by a board member, representing roughly 0.25% of the company's market capitalization. The purchase follows a pattern of insider accumulation — three insiders have bought $2.8 million in open-market shares over the past 90 days with no insider sales. Sarowitz's direct holdings now stand at 1,240,841 shares. The transaction is not part of a 10b5-1 plan, indicating a discretionary decision to increase his stake.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ANGX was trading at $5.61 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $2.05 to $20.39. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.